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Evolution of money
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The Evolution of money started with the Barter system. People exchanged goods with goods since they did not have any currency. Barter system needed a Double coincidence of wants which meant people needed to find a person who was willing to give in exchange the exact commodity they wanted to exchange the with the commodity that they had. At the same time there was no system to find out the Exchange value of commodities. China introduced the first coins and later introduced paper money also.
Alexander the great was the first King to have his impression made on the coin. Other systems of trade that existed earlier included Silent trade. Now people use Plastic money since it is easier and safer to carry.
Robomate is India’s largest curriculum based study platform for online and offline lectures from classes 7 onwards. It also helps students to prepare for exams such as JEE, CA, MBA Entrance Exam, CAT, National Board Exams such as CBSE and ICSE, Maharashtra State board and Karnataka (PU).
Alexander the great was the first King to have his impression made on the coin. Other systems of trade that existed earlier included Silent trade. Now people use Plastic money since it is easier and safer to carry.
Robomate is India’s largest curriculum based study platform for online and offline lectures from classes 7 onwards. It also helps students to prepare for exams such as JEE, CA, MBA Entrance Exam, CAT, National Board Exams such as CBSE and ICSE, Maharashtra State board and Karnataka (PU).
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